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'Cash for Clunkers' Fuels Ford

The "Cash for Clunkers" rebate program helped fuel Ford's sales in July—but the success may be short-lived. The company's sales rose 2.3 percent last month, marking the company's first monthly sales jump in almost two years, Ford announced Monday. After Congress voted to fuel the program with $2 billion more on Friday, all eyes fall on the Senate to determine whether the program will continue. Though "Cash for Clunkers"—which gives consumers up to $4,500 for turning in old vehicles—only started on July 24, Ford says it was already heading for better results.

August 3, 2009 10:15 AM


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